SSC Quantitative Aptitude Simple Interest Question Bank Simple and Compound Interest (II)

  • question_answer
    Divide Rs. 15494 between A and B so that A's share at the end of 9 yr may be equal to B's share at the end of 11 yr, compound interest being 20% per annum. Then A's share is

    A) Rs. 8000

    B) Rs. 9140

    C) Rs. 9144

    D) Rs. 9414

    Correct Answer: C

    Solution :

    [c] Let A's share = Rs. x and B's share = Rs. \[(15494-x)\] According to the question, \[x{{\left( 1+\frac{20}{100} \right)}^{9}}=(15494-x)\,\,{{\left( 1+\frac{20}{100} \right)}^{11}}\] \[\Rightarrow \]   \[x=(15494-x)\,\,{{\left( 1+\frac{20}{100} \right)}^{2}}\] \[\Rightarrow \]   \[x=(15494-x)\,\,{{\left( 1+\frac{1}{5} \right)}^{2}}\] \[\Rightarrow \]   \[x=(15494-x)\,\,\left( \frac{36}{25} \right)\] \[\Rightarrow \]   \[25x=15494\times 36-36x\] \[\Rightarrow \]   \[61x=15494\times 36\] \[\Rightarrow \]   \[x=\frac{15494\times 36}{61}=\text{Rs}\text{.}\,9144\]


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